IREN Limited Reports Strong Q3 FY25 Results and Strategic Shift to AI

Iris Energy ( (IREN) ) has provided an announcement.

On May 14, 2025, IREN Limited reported its financial results for the three and nine months ending March 31, 2025, highlighting a 28% growth in profit after tax. The company achieved record revenues of $148.1 million, driven by a 24% increase in Bitcoin mining revenue and a 33% rise in AI cloud services revenue. IREN is pausing its Bitcoin mining expansion at 50 EH/s to focus on AI infrastructure, with significant projects like Horizon 1 and Sweetwater in development. This strategic shift positions IREN to capitalize on the growing demand for AI data centers, potentially impacting its operations and market positioning positively.

The most recent analyst rating on (IREN) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Iris Energy stock, see the IREN Stock Forecast page.

Spark’s Take on IREN Stock

According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.

Iris Energy’s strong revenue growth and solid balance sheet are major positives, but these are offset by challenges in profitability and cash flow management. Technical indicators suggest positive momentum, while the recent earnings call provided a boost with record profits and strategic expansions. However, valuation remains a concern with negative P/E and no dividend yield.

To see Spark’s full report on IREN stock, click here.

More about Iris Energy

IREN Limited is a company operating in the cryptocurrency industry, primarily focusing on large-scale data center sites for Bitcoin mining and AI infrastructure. The company is recognized as one of the largest and lowest-cost producers of Bitcoin, with a significant market focus on expanding its AI data center capabilities.

Average Trading Volume: 14,343,191

Technical Sentiment Signal: Hold

Current Market Cap: $1.68B

See more insights into IREN stock on TipRanks’ Stock Analysis page.